LONDON, June 28 – World stocks rose for the first time in three days and sterling and the euro climbed on Tuesday, as investors made a rush for Brexit-bashed assets hammered by some of the biggest falls since the 2008 collapse of Lehman Brothers. Bargain hunting trumped still widespread uncertainty over Britain’s vote to leave […]

The price of a Samsung Note 5 has been dropping fast ahead of the launch of the new Note in August. Launched last Launched last August at a little more than Dh2,700, the smartphone with the S pen held on to its premier position even after the launch of the Galaxy S7 and S7 edge […]

Russian gas giant Gazprom said on June 27 it was still open to negotiations on the suspended Turkish Stream pipeline project, Russian media outlets reported “Gazprom is open to dialogue on Turkish Stream and always has been,” TASS news agency quoted Gazprom spokesman Sergey Kupriyanov as saying. President Recep Tayyip Erdoğan Erdoğan has expressed his […]

UK financial markets calm down after two days of turmoil in the wake of the Brexit vote, with the FTSE 100 gaining more than 2%.Pressure has eased on UK financial markets after two days of turmoil in the wake of the Brexit vote, with the FTSE 100 share index opening higher. Shortly after trading began, […]

If deep learning will be as big as the internet, it’s time for everyone to start looking closely at it The world is quietly being reshaped by machine learning. We no longer need to teach computers how to perform complex tasks like image recognition or text translation: instead, we build systems that let them learn […]

GTBs weekly issue 1605 fully subscribed The bills, carrying a maturity of 91 days, are issued by the CBB, on behalf of the Government of the Kingdom of Bahrain. The issue date of the bills is 29th June 2016 and the maturity date is 28th September 2016. The weighted average rate of interest is 2.09%, […]

The first of Iran’s new oil and gas investment contracts for international companies will be launched this summer and will invite bids to develop 10-15 fields, oil minister Bijan Zanganeh was quoted by the SHANA news agency as saying The Iran Petroleum Contract (IPC) is a cornerstone of the country’s plan to raise crude production […]

The EU is preparing to move its European Banking Authority from London following Britain’s vote to leave the Union, EU officials said on June 26, setting up a race led by Paris and Frankfurt to host the regulator

Not too much of the forest cover in the southern province of Antalya has been burnt in comparison to last year following a massive wildfire, Turkish Forestry and Water Affairs Minister Veysel Eroğlu has said

Dubai Electricity and Water Authority (Dewa) has awarded a consortium led by Abu Dhabi’s Masdar to build the 800- Dubai Electricity and Water Authority (Dewa) has awarded a consortium led by Abu Dhabi’s Masdar to build the 800-megawatt (MW) third phase of the Mohammed bin Rashid Al Maktoum (MBR) Solar Park, setting a new world […]

The UK’s tax authority is stressing that “no laws have changed” and that tax rules remain the same following the EU referendum.Changes to financial regulations will inevitably change in time following the UK’s vote to leave the EU. But, a recorded message on the HM Revenue and Customs (HMRC) helpline says that nothing has changed […]

European stocks and the pound fell further on Monday as concern grew over the potential economic costs of Britain’s vote to bring its country, the world’s fifth-largest economy, out of the European Union./>

Britain’s decision to leave the European Union could be the beginning of the disintegration of the bloc of countries or the United Kingdom, said Nouriel Roubini on Sunday, the economist who earned the.

Wayne Swan’s GFC stimulus measures saved Australia from recession; policymakers should ignore the crazed obsession with the budget balance and follow his policy approach if the worst-case scenarios from Brexit come to pass Brexit is important for Australian policymakers. Whichever side wins the 2 July federal election will need to have policy pragmatism to deal […]

When 2016 rang in, Divin Lwamba, a street vendor with nine mouths to feed, says he was making up to 300 dollars a day selling samosas in Lubumbashi’s main market. With meat and vegetable samosas flying off his cart almost faster than they were made, Lwamba says he could make enough cash in a single […]

Indian sprinter Dutee Chand has qualified for the women’s 100 metres at the Rio Olympics less than a year after she was cleared to race following a landmark ruling on so-called gender tests. The 20-year-old said she was now determined to work hard to bring home an elusive medal for India in August after what […]

As financial centers around the region vie for supremacy, Dubai market eyes global competitionDubai remains one of the most important financial centres – not just for the region, but on a global level. Ambitions for the DIFC to become the biggest player in the region were underlined last year by the publication of its 10-year […]

Nearly 60 percent of Scots now support Scottish independence after Britain voted to leave the European Union this week, according to an opinion poll reported by a newspaper on Saturday. The Sunday Post…<a

The Nikkei in Japan closed down more than 7 percent in Friday trading, leading the massive sell-off triggered by the British vote.”The stability of financial markets including the foreign exchange market is crucially important,” the Bank of Japan said in a statement. “Excess volatility and disorderly movements in exchange rates can have adverse implications for […]

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